Wednesday, 16 June 2021

US Dollar, Yields Surge as Fed Brings Forward Taper Timeline

The US Dollar is spiking higher alongside Treasury bond yields as markets react to the latest Fed announcement, which shows two interest rate hikes penciled in the dot plot by the end of 2023.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...